Trump’s company, finance chief plead not guilty to tax fraud July 1, 2021 Donald Trump’s namesake company and longtime financial chief pleaded not guilty on Thursday to criminal charges in a sweeping indictment from a probe by Manhattan’s district attorney into the former U.S. president and his business practices. The Trump Organization and its chief financial officer Allen Weisselberg were charged with having schemed since 2005 to defraud [...]
Amanda Staveley’s appeal refused in Barclays ‘lifeline loan’ case June 7, 2021 Businesswoman Amanda Staveley’s appeal to overturn a court’s verdict against her in her case against Barclays has been refused, a court filing seen by Reuters today showed. A London High Court judge in February found Barclays guilty of “serious deceit” over how the British bank negotiated a lifeline with Amanda Staveley during the 2008 financial [...]
Explainer: What is the G7 global tax deal and what will it mean? June 5, 2021 Finance ministers from the Group of Seven (G7) rich nations reached a landmark accord today backing the creation of a global minimum corporate tax rate of at least 15 per cent, an agreement that could then form the basis of a worldwide deal. Such a deal aims to end what US treasury secretary Janet Yellen [...]
Airline SAS gets £255m loan guarantee from Denmark and Sweden May 26, 2021 Sweden and Denmark said today that they had agreed to offer ailing airline SAS, in which both countries own stakes, a 3bn Swedish crown (£255m) loan guarantee. The Covid-19 pandemic has seen air travel collapse, plunging the industry into crisis and leaving carriers scrambling to secure funds to weather the slump. SAS said the credit [...]
Santander boss Ana Botin defends Andrea Orcel CEO offer as top bankers face off in court May 19, 2021 Santander boss Ana Botin defended the bank’s actions in a court hearing in Spain today over the withdrawal of an offer more than two years ago to make Italian banker Andrea Orcel its chief executive. The very public row, which has offered a rare glimpse into the inner workings of a top bank, ended up in [...]
Cairn Energy sues Air India over $1.2bn arbitration award May 15, 2021 Cairn Energy has sued India’s flagship carrier Air India to enforce a $1.2bn (£850m) arbitration award that it won in a tax dispute against India, according to a US court filing. The move ratchets up pressure on India’s government to pay the sum of $1.2bn plus interest and costs that the FTSE 250 listed firm [...]
Saudi Aramco beats forecasts as profit jumps 30 per cent on higher oil prices May 4, 2021 State-run oil giant Saudi Aramco beat analysts’ forecasts today as first-quarter net profit rose 30 per cent amid the rise in oil prices. Crude prices have climbed about a third this year due to recovering fuel demand, helping a host of oil firms post improved results. “Given the positive signs for energy demand in 2021, there are [...]
Olympics: Tokyo welcomes foreign divers to test event May 2, 2021 Diving and volleyball on Saturday became the first Olympic test events to include international athletes since such competitions resumed last month, as both began under close supervision in Tokyo. The diving World Cup, also a qualifier for this summer’s Games, features more than 200 athletes from 50 countries including powerhouse China. “We’re not allowed out [...]
India’s daily COVID-19 cases pass 400,000 as second wave worsens May 1, 2021 By Sankalp Phartiyal and Alasdair Pal NEW DELHI (Reuters) -India recorded more than 400,000 new COVID-19 cases for the first time on Saturday as it battles a devastating second wave, and the country’s massive new vaccination drive was hampered in some areas by shortages of the shots. Authorities reported 401,993 new cases in the previous [...]
American astronaut Michael Collins of Apollo 11 dies aged 90 April 28, 2021 American astronaut Michael Collins, who stayed behind in the command module of Apollo 11 on July 20, 1969, while Neil Armstrong and Buzz Aldrin traveled to the lunar surface to become the first humans to walk on the moon, died on Wednesday at age 90, his family said. A statement released by his family said Collins died [...]
